Sir Mick Davis has been appointed chairperson of the board of Ferro-Alloy Resources (FAR), the European vanadium company in which his Vision Blue Resources firm has invested.
FAR, which trades on the London exchange, reported on Tuesday that the previously announced investment of $3.1-million by Vision Blue and co-investors had been completed.
Davis would become chairperson and current chairperson Chris Thomas would assume the role of a nonexecutive director.
Ferro-Alloy Resources Limited (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.
